Sportsbook Casino

William Hill Confirm Caesars Takeover

William Hill said it was pleased to announce that the deal is to go through and warned of a suspension in trading in William Hill shares over the course of the next few days.

William Hill Confirm Caesars Takeover
William Hill Confirm Caesars Takeover

William Hill is set to be purchased by US gambling giant, Caesars, with the takeover expected to be the largest shift in gambling industry ownership in recent history.


The £2.9 billion takeover is projected to go ahead next week after being sanctioned by a court on Tuesday.


William Hill said it was pleased to announce that the deal is to go through and warned of a suspension in trading in William Hill shares over the course of the next few days.  


William Hill chairman Roger Devlin said: 

"The William Hill board is pleased that the court has confirmed the scheme of arrangement and the deal with Caesars will complete on April 22. Throughout this process we have said that this deal provides shareholders with a cash price that fairly balances both the exciting opportunities and risks inherent in the business and delivery of its strategy. 


"I would like to pay tribute to William Hill’s revitalised senior leadership team and all our employees. They have delivered on important parts of its longer-term growth strategy to realise the brand’s potential. The company is in excellent shape and looks forward to the future with confidence." 

According to Caesars, it is only interested in operating the US side of the business and will be selling the other areas of the brand after it has acquired them.  


It is rumoured that private equity group Apollo Global Management and 888 Holdings have both showed interest in purchasing European elements of the brand.  


Powered by Froala Editor

iGaming News • UK